Asset-Backed Commercial Paper - ABCP


Asset-Backed Commercial Paper - ABCP
A short-term investment vehicle with a maturity that is typically between 90 and 180 days. The security itself is typically issued by a bank or other financial institution. The notes are backed by physical assets such as trade receivables, and are generally used for short-term financing needs.

A company or group of companies looking to enhance liquidity may sell receivables to a bank or other conduit, which, in turn, will issue them to its investors as commercial paper. The commercial paper is backed by the expected cash inflows from the receivables. As the receivables are collected, the originators are expected to pass the funds to the bank or conduit, which then passes these funds on to the note holders.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Asset-backed Commercial Paper — Ein besichertes Geldmarktpapier[1] bzw. asset backed commercial paper bezeichnet ein mit Assets unterlegtes („besichertes“) Geldmarktpapier (commercial paper, CP) und einen Anwendungsfall der Verbriefung von Forderungen. Die Forderungsverkäufer… …   Deutsch Wikipedia

  • Asset-Backed Commercial Paper — АВСР (Коммерческие бумаги, обеспеченные активами) коммерческие бумаги , основной долг и проценты по которым выплачиваются из денежных потоков от активов, выступающих обеспечением таких бумаг. В случае невозможности выпуска новых коммерческих… …   Ипотека. Словарь терминов

  • asset-backed commercial paper programme — turtu užtikrintų komercinių vekselių programa statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Pakeitimo vertybiniais popieriais programa, pagal kurią išleisti vertybiniai popieriai daugiausia yra komerciniai vekseliai, o jų… …   Lithuanian dictionary (lietuvių žodynas)

  • Commercial Paper Funding Facility — (CPFF) was a system created by the United States Federal Reserve Board during the Global financial crisis of 2008 to improve liquidity in the short term funding markets. The CPFF was created on October 27, 2008 and funded a special purpose… …   Wikipedia

  • Commercial paper — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Commercial mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • National Asset Management Agency — Agency overview Formed Late 2009 Jurisdiction Ireland …   Wikipedia

  • Troubled Asset Relief Program — TARP redirects here. For other uses, see Tarp. This article is about the Treasury fund. For the legislative bill and subsequent law, see Public Law 110 343. For the legislative history and the events leading to the law, see Emergency Economic… …   Wikipedia

  • Northern Rock (Asset Management) — This article is about the bad bank of Northern Rock. For the current bank, see Northern Rock. For a discussion of the nationalisation of the bank, see Nationalisation of Northern Rock. Northern Rock (Asset Management) Type Public ownership[1][2]… …   Wikipedia

  • Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.